Required Information Problem 2-8B Complete the steps in the measurement of external transactions (LO2-4,2-5,2-6) [The following information applies to the questions displayed below.) Buckeye Incorporated hed the following balonces at the beginning of November. BUCKEYE INCORPORATED Trial Balance November 1 Accounts Debits Credits Cash $1,400 Accounts Receivable Supplies 520 Equipment 7.600 Accounts Payable $1,100 Notes Payable 2.2ee Common Stock 5,200 Retained Earnings 1,440 Totals $9.940 9,94e The following transactions occur in November. November 1 Issue common stock in exchange for $11,288 cash. November 2 Purchase cquipment with a long-term note for $1,700 from Spartan Corporation. November 4 Purchase supplies for $1,220 on account. November 10 Provide services to customers on account for $7,200. November 15 Pay creditors on account, $1,000 November 20 Pay employees $1,200 for the first half of the month. November 22 Provide services to customers for $9,202 cash. November 24 Pay $682 on the note from Spartan Corporation. November 26 Collect $5,202 on account fron customers. November 28 Pay $1,000 to the local utility company for November gas and electricity. November 30 Pay $3,200 rent for November. Problem 2-8B Part 1 Required: 1. Record esch transaction. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction llat Journal entry worksheet